Monday, June 15, 2009

Your Guide to Reliable Property Management In North Carolina

If you own property or are considering property ownership, you might be frightened by the management portion of the business. Are you going to handle all of the work and repairs yourself? Or would it be better if someone else could do it for you. If you're planning on having more than one or two properties, finding a good property management company is essential to your success. Do you really want to be fixing someone's toilet at 3:00 a.m.? If not, then you need to find a good property manager. How do you go about finding someone that you can trust? Let's look at the necessary steps to find hassle-free property management. The first step in your search should be to ask around. If you have any friends or family members that have a property manager, ask them who they use. Usually referrals are the safest way to go, because you actually know someone who has used their services. Your friends and family are on your side and will steer you in the right direction most of the time. If you don't know anyone that has any property, the next step would be to go to www.irem.org. This will allow you to determine if there are any certified property managers in your area. If you're going to have someone watching your properties for you, you'll want someone that has been certified in property management.


In addition to this resource, you should probably check with the Better Business Bureau in order to find any complaints. If your prospective property manager has a lot of complaints against them, it doesn't really matter if they're certified or not. You don't want to get involved with them. Once you find a prospective management company, drive around some buildings that they manage and investigate them for yourself. Do they look like buildings that you would be proud to own? Is the outside of the building kept well? Is the lawn mowed? You can tell a lot about a management company by looking at the buildings that they run. If you've narrowed down your search to a few different companies, interview the remaining options. Sit down with the owners of the property management company and see what they have to say. What sets them apart from any other company? Are their rates competitive with others? Do they have any services that other companies don't? These are all things that you'll want to find out ahead of time. Once you decide on a property management company, make sure that you get everything that you need in writing. A good property management contract can help avoid a lot of mishaps in the future. Who will be collecting rent? What are your policies going to be about late payments, evictions, etc. There should be no gray areas in regards to anything. Make sure that everything is spelled out as clear as day. After you feel good about a contract with a property manager, go for it! Your life will be much easier because of it. No longer will you have to worry about the day-to-day operations of property and you can just sit back and collect the checks.


About the Author

William Douglas Management has been providing quality association management services to North Carolina and South Carolina since 1980 focusing on Homeowner and Condominium Owner Association Management .


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